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Affordability inches up alongside inventory while sales stabilize

“Buyers are pleased to have better affordability and more options to choose from,” said Amy Peterson, President of the Saint Paul Area Association of REALTORS®. “For the most part, sellers still hold the reigns in this market even with the additional inventory we’ve seen.”
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November 2024 Advocacy Report

Here is your advocacy update for the month of November! The Saint Paul Area Association of Realtors® Advocacy Report goes out each month and is your one-stop-shop for everything related to Government Affairs throughout SPAAR’s jurisdiction.
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Nicko Spehn is SPAAR Hero

Congratulations, Nicko, on being named a SPAAR Hero!
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News

Member dues are due on or before November 30

The opportunities are endless for members who seek them. When SPAAR members inquire about what there is to do within their membership, it’s often a matter of finding what aligns with their interests
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REALTORS® Charitable Foundation gives back to SPAAR members and community partners

It’s been another busy year for the REALTORS® Charitable Foundation. The Foundation named Spare Key its 2024 grant recipient and, in April, Foundation members attended its annual Groove Gala. There, Foundation members had the opportunity to educate attendees about REALTORS® Charitable Foundation and its efforts to support Spare Key, which helps families in medical crisis with financial assistance through its Help Me Bounce platform.
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November 2024 housing market overview: Sizable gains in listings and sales despite rate environment

(Nov. 14, 2024) – According to new data from the Minnesota state and Twin Cities metro REALTOR® Associations, which jointly provide a housing market overview each month, listings, sales, prices and inventory all rose in October.
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SPAAR In The Media

SPAAR in the News

Local news featured Amy Peterson, 2024 President of the Saint Paul Area Association of REALTORS®, sharing about the 2023 housing market.
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Homes for sale down in Twin Cities, up slightly statewide

Minneapolis Area Realtors and the St. Paul Area Association of Realtors also put out a report on the Twin Cities regional market. While new listings throughout the state were up, new listings in the Twin Cities declined 1.1% in October, although the report notes that this is the lowest decline since May 2022.
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Finance & Commerce article: Twin Cities home sales fall, home prices rise

Minneapolis and St. Paul Realtor groups said Monday that Twin Cities home prices rose in June, but sales activity — weighed down in part by rising interest rates and tight inventory — was slower compared to last year.
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Advocacy

November 2024 Advocacy Report

Here is your advocacy update for the month of November! The Saint Paul Area Association of Realtors® Advocacy Report goes out each month and is your one-stop-shop for everything related to Government Affairs throughout SPAAR’s jurisdiction.
Read More >
photo of Minnesota Capital building from a distance

Advocacy Updates – November 2024

Advocacy Updates go out monthly via the SPAAR Advocacy Report. If you’re not receiving the advocacy report and would like to, email spaar@spaar.com. 
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Get out the vote: there are lots of races this year and every vote counts!

2024 is a BIG election year. On Tuesday, November 5, Minnesotans will vote for President, U.S. Senate, U.S. House, State Representative, and numerous local races from mayor to city councilor and more.
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Community

REALTORS® Charitable Foundation gives back to SPAAR members and community partners

It’s been another busy year for the REALTORS® Charitable Foundation. The Foundation named Spare Key its 2024 grant recipient and, in April, Foundation members attended its annual Groove Gala. There, Foundation members had the opportunity to educate attendees about REALTORS® Charitable Foundation and its efforts to support Spare Key, which helps families in medical crisis with financial assistance through its Help Me Bounce platform.
Read More >

Nicko Spehn is SPAAR Hero

Congratulations, Nicko, on being named a SPAAR Hero!
Read More >

Coats needed by Emma Norton Services, a community partner of SPAAR

SPAAR has been a long-time partner with Emma Norton Services and members of SPAAR’s Community Engagement Committee actively volunteer with the nonprofit.
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Housing Market Press Releases

November 2024 housing market overview: Sizable gains in listings and sales despite rate environment

(Nov. 14, 2024) – According to new data from the Minnesota state and Twin Cities metro REALTOR® Associations, which jointly provide a housing market overview each month, listings, sales, prices and inventory all rose in October.
Read More >

Affordability inches up alongside inventory while sales stabilize

“Buyers are pleased to have better affordability and more options to choose from,” said Amy Peterson, President of the Saint Paul Area Association of REALTORS®. “For the most part, sellers still hold the reigns in this market even with the additional inventory we’ve seen.”
Read More >

Buyer and seller activity down from last August, but lower rates on the way

$2,820. That’s what a homeowner would save per year if they purchased or refinanced the median-priced home in August compared to if they purchased it when rates were at their peak in late 2023.
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FastStats

Up-To-Date, Reliable Housing Market Information

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